Finance minister Nirmala Sitharaman on Wednesday announced credit guaranteed loans to micro, small and medium enterprises (MSMEs), expected to help about 4.5 million units to get back to business. Announcing the details of the ₹20 trillion fiscal stimulus package, Sitharaman said the collateral free, automatic loans will benefit MSMEs with up to ₹25 crore outstanding loans and ₹100 crore sales.
FM Sitharaman announcement highlights: First part of the Rs 20 lakh crore economic stimulus unveiled
The first instalment of the mega package today focussed on the revival of the MSME Sctor
